Kita-Ku Apartment average value

Price 301,620 JPY/sq.m
- Age 23.1 years old
- Dist. from Sta. 11.2 min walk
- Property area 63.3 sq.m

The average price of Saitama-Shi Kita-Ku Apartment, in 2020 was 339,064 JPY/sq.m. The market value represents an increase of 46,479 JPY (+15.9%) compared to 1 year ago and a transition to a bull market.

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average age of the building (representing 24.7 years old in 2019 and 22.0 years old in 2020; -11.0%)
  • An decrease in average distance from the station (representing 11.8 min in 2019 and 9.5 min in 2020; -19.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.2% of total transactions in 2019 and 25.8% of total transactions in 2020)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.3% of total transactions in 2019 and 52.5% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 6.1% of total transactions in 2019 and 8.2% of total transactions in 2020)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.0% of total transactions in 2019 and 1.6% of total transactions in 2020)
Data regarding the market value and its changes of Apartment in Kita-Ku were calculated using data on the sales of 1,396 properties provided by the MLIT Japan.

Kita-Ku Apartment market value list

AreaAverage Trading PriceAverage Unit Price#
今羽町10,127,273 JPY150,656 JPY/sq.m56 件
別所町12,625,000 JPY194,231 JPY/sq.m8 件
吉野町14,397,059 JPY224,926 JPY/sq.m68 件
土呂町18,268,000 JPY331,035 JPY/sq.m76 件
大成町17,776,923 JPY290,327 JPY/sq.m82 件
奈良町17,217,391 JPY258,740 JPY/sq.m101 件
宮原町26,848,980 JPY385,452 JPY/sq.m435 件
日進町16,819,231 JPY255,720 JPY/sq.m336 件
本郷町11,821,875 JPY197,725 JPY/sq.m32 件
東大成町20,290,909 JPY317,659 JPY/sq.m69 件
植竹町17,045,238 JPY258,351 JPY/sq.m42 件
櫛引町19,057,143 JPY278,363 JPY/sq.m70 件
盆栽町22,800,000 JPY343,788 JPY/sq.m21 件

Kita-Ku Apartment value Age transition

Market values (unit price: sq.m, ㎡) in terms of Age, is as follow.

The orange line means market values (unit price: sq.m) for Apartment in terms of Age. The orange line changes on the basis of distance from the train station and area of the property (* For example , if the distance from the station is far, the lower the unit price.).

The dots means trading data. When you mouseover or touch the dot, details of the trading data is displayed. You can color (classify) the dots on the basis of the property area, distance from the stations, or the property price, etc.

(* You can scroll and zoom with pinch in the mobile environment.)
(* When you double-click, the value of Age is updated.)
AgeTrading PriceProportion
Price at New599,891 JPY/sq.m100 %
Residual Value (10 Years)449,809 JPY/sq.m75 %
Residual Value (20 Years)325,001 JPY/sq.m54 %
Residual Value (20 Years)225,466 JPY/sq.m38 %
Color:
Unit:   Touch:
Apartment value Age transition. Market values in terms of Age.

Apartment value Age transition

Property Details:
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- Trading date: {{infoObj.trade_date|date:'MMMM, yyyy'}}

When you change the slider, the unit price will change.
Age of a building Property area Total floor area Distance from the station




Calculate Kita-Ku Apartment market value

We can calculate market values for Apartment based on their age, area, and distance from a train station.

Age
years old
Area
sq.m
Total floor space
sq.m
Distance from the station
min walk

Market values for Kita-Ku Apartment that meet the above conditions were calculated in the following manner.

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({{unit_price|number:0}} JPY/sq.m)

The assumed transaction price, not including agency commissions, taxes, etc.

Trading Data

Past Apartment sales data, with similarly entered ages, area, and distances from station are as follows.

1. Saitama Saitama-Shi Kita-Ku 盆栽町 (Saitama-Shi Oomiyakouenn 9.0 min walk)
25.3 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2DK , Structure: RC
- Trading date: 2014-06-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   233,333 JPY/sq.m

2. Saitama Saitama-Shi Kita-Ku 大成町 (Saitama-Shi Tetsudouhakubutsukann 9.0 min walk)
23.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2011-03-01 00:00:00

Trading price:   14,000,000 JPY,    Unit price:   200,000 JPY/sq.m

3. Saitama Saitama-Shi Kita-Ku 大成町 (Saitama-Shi Tetsudouhakubutsukann 9.0 min walk)
22.0 years old , Area: 70.0 sq.m , Total floor area: sq.m , Layout: 3LDK , Structure: RC
- Trading date: 2010-03-01 00:00:00

Trading price:   110,000,000 JPY,    Unit price:   1,571,429 JPY/sq.m

4. Saitama Saitama-Shi Kita-Ku 宮原町 (Saitama-Shi Miyahara 9.0 min walk)
21.8 years old , Area: 60.0 sq.m , Total floor area: sq.m , Layout: 2LDK , Structure: RC
- Trading date: 2012-12-01 00:00:00

Trading price:   17,000,000 JPY,    Unit price:   283,333 JPY/sq.m

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- Trading date: {{item.trade_date|date:'MMMM, yyyy'}}

Trading price:   {{item.price|number:0}} JPY,    Unit price:   {{item.unit_price|number:0}} JPY/sq.m

Apartment market value trends

Market value trends for Apartment are as follows.

Data:
Unit:   Touch:
Apartment market value trends Market value trends for Apartment.

Apartment market value trends


Breakdown of each segment

One distinguishing feature of recent real-estate transactions was a dramatic increase in transactions involving new buildings under 10 years old, as well as a dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station.

Cause of price increases

  • An decrease in average age of the building (representing 24.7 years old in 2019 and 22.0 years old in 2020; -11.0%)
  • An decrease in average distance from the station (representing 11.8 min in 2019 and 9.5 min in 2020; -19.4%)
  • A dramatic increase in transactions involving locations relatively near to the station less than six minutes by foot from the station (representing 15.2% of total transactions in 2019 and 25.8% of total transactions in 2020)
  • A dramatic decrease in transactions involving relatively old buildings under 40 years old (representing 66.3% of total transactions in 2019 and 52.5% of total transactions in 2020)

Causes of price decreases

  • A dramatic increase in transactions involving older buildings over 40 years old (representing 6.1% of total transactions in 2019 and 8.2% of total transactions in 2020)
  • A dramatic decrease in transactions involving locations near to the station less than three minutes by foot from the station (representing 4.0% of total transactions in 2019 and 1.6% of total transactions in 2020)
The table below shows Apartment dealt in Saitama-Shi Kita-Ku, in age, distance from station, and area segments. For example, we can see market trends, such as which transactions have increased more in recent years, those for newer properties, or older ones.

Segment:

Area close to the price in Kita-Ku

The closest areas in terms of Apartment price ranges to this area are ones like the following that are along a railway line and have a station.

Area / Station Median
Price
JPY
Unit price
JPY/sq.m
Age
Years old
Distance
min walk
Area
Saitama-Shi Midori-Ku (557) [Area]19,000,000296,666 JPY/sq.m25.3 yrs12 min65 sq.m
Midori-Ku 東浦和 (165) [Area]20,000,000306,667 JPY/sq.m26.9 yrs10 min65 sq.m
Kita-Ku 東大成町 (69) [Area]20,500,000310,989 JPY/sq.m23.1 yrs10 min62 sq.m
Kita-Ku 大成町 (82) [Area]18,500,000291,608 JPY/sq.m24.4 yrs9 min62 sq.m